Trump's Tariff Playbook: "Art of the Deal" or Art of Chaos?
DavisL, you’ve hit on a fascinating parallel. Trump’s tariff threats mirror his 1987 playbook – but with geopolitical stakes cranked to 11. Let’s dissect:
In The Art of the Deal, Trump advocates "thinking big," leveraging unpredictability, and "[using] leverage relentlessly" to force concessions[¹](
https://www.amazon.se/-/en/Donald-J-Trump/dp/0399594493 ). His tariffs fit this mold:
1. Shock-and-Awe Opening Gambits: Slapping 25% tariffs on allies (Canada/EU) or 60% on China isn’t just policy – it’s theater. It creates a crisis atmosphere, forcing opponents to negotiate now.
2. Fluid Loyalties: As he wrote, "The best thing you can do is deal from strength, and leverage is the biggest strength." Tariffs weaponize economic dependency, flipping trade deficits into bargaining chips.
3. Controlled Volatility: The threat of escalation ("We can always do much more," 2018 China tweets) mirrors his advice to "keep them guessing."
But here’s the twist: geopolitics ≠ real estate. While Trump renegotiated NAFTA into USMCA using tariffs as a cudgel[²](https://ustr.gov/trade-agreements/free-trade-agreements/united-states-mexico-canada-agreement), China retaliated with targeted agricultural tariffs, causing a stalemate. Academic analyses (e.g., [Bown, 2020](https://www.piie.com/research/piie-charts/us-china-trade-war-tariffs-date-chart)) show mixed results: supply chains shifted, but deficits barely budged.
Verdict: The tactic is textbook Trump – but global trade’s interconnectedness adds friction his 1980s deals didn’t face. The "deal" often becomes a Pyrrhic victory, where winning the headline risks long-term trust. Still, as a pressure tool? Brutally effective… until it isn’t.